Raffiq Nathoo
the Board appointed Raffiq Nathoo as an independent director, effective immediately
Highest-materiality recent filing
American Water subsidiary issues $500M 4.625% senior notes due 2029
$500M aggregate principal, 4.625% rate, due 2029; net proceeds ~$498M after underwriting discounts.
Kentucky-American Water files $17.7M rate case; shareholders approve charter amendment, equity plan
Kentucky-American Water filed rate request seeking $17.7M annualized incremental revenue, based on 10.75% ROE and $108M capex.
American Water Q1 adjusted EPS $1.01 vs $1.02; affirms 2026 guidance; dividend raised 8.2%
Q1 GAAP EPS $1.00 vs $1.05 YoY; adjusted EPS $1.01 vs $1.02.
American Water Capital Corp. issues $700M of 5.200% Senior Notes due 2036
$700M of 5.200% Senior Notes due 2036 issued by AWCC; backed by American Water support agreement.
West Virginia American Water gets PSC approval for $20.5M annual rate increase
Authorized annualized revenue increase of $20.5M, excludes $12.7M in prior infrastructure surcharges.
Maryland American Water granted ~$2M annualized rate increase by MD PSC
MDPSC approves consolidated annualized water revenue increase of ~$2 million; $1M effective Feb 26, 2026, remainder Jan 1, 2027.
American Water reports 2025 adjusted EPS $5.64, up 8.9% YoY; affirms 2026 guidance
2025 GAAP EPS $5.69 (vs $5.39 in 2024); adjusted EPS $5.64, up 8.9% YoY; Q4 GAAP EPS $1.22 flat YoY.
AWK and Essential shareholders approve merger; final vote pending
Shareholders of both American Water Works (AWK) and Essential Utilities voted to approve the merger at special meetings held February 10, 2026.
Shareholders of American Water and Essential Utilities overwhelmingly approve merger proposals
99% of American Water shares present voted for share issuance (160.4M for, 0.6M against).
Illinois American Water files $134M rate case with ICC for $577M in capital investments
Two-step rate increase: $119M effective Jan 1, 2027, plus $15M effective Jan 1, 2028, based on 10.75% ROE.
New Jersey American Water files rate request with NJBPU seeking $146M annualized incremental revenue
Request seeks $146M annualized revenue increase based on proposed ROE of 10.75% and 55.18% equity capital structure.
Kentucky PSC approves $18.2M annual rate increase for American Water subsidiary
KPSC final order grants $18.2M annualized revenue increase, effective Dec 16, 2025.
Pennsylvania American Water files $169M annual rate request with PaPUC
Seeks $169M annual incremental revenue, plus $19M infrastructure surcharges.
Virginia-American Water files $21.9M rate request, citing $115M in capital investments
Seeks annual revenue increase of $21.9M from Virginia SCC, based on 10.75% ROE and 51.79% equity ratio.
Q3 2025 EPS $1.94 vs $1.80 YoY; YTD EPS $4.47 vs $4.17.
American Water to acquire Essential Utilities in stock-for-stock merger at 0.305x exchange ratio
Essential shareholders to receive 0.305 shares of AWK common stock per share held; deal unanimously approved by both boards.
American Water appoints Lisa A. Grow (IDACORP CEO) to board as independent director
Board size increased to 10; Grow appointed as independent director effective Aug 26, 2025.
American Water raises $887M from 5.7% 2055 notes, completes $147.5M equity option
AWCC issued $900M of 5.700% Senior Notes due 2055, net proceeds ~$887.2M.
American Water enters forward sale agreements to raise ~$983.5M via equity offering
Forward sale agreements for 7,042,254 shares at initial price of $139.657 per share.
Seeks $3.0M annualized incremental revenues; proposed ROE 10.64%, equity 52.32%.
American Water Q2 EPS $1.48 vs $1.42; narrows 2025 guidance to $5.70-$5.75
Q2 2025 EPS $1.48, up from $1.42 in Q2 2024; YTD EPS $2.53 vs $2.37.
American Water subsidiary files $111M rate request with CPUC, citing $750M infrastructure spend
Filing seeks $63.1M revenue increase vs 2025 authorized; total $111.2M over 2027-2029.
American Water appoints Raffiq Nathoo as independent director, board expands to nine members
Board expanded from 8 to 9 members; Nathoo appointed effective June 9, 2025.
Iowa American Water granted $12.7M annualized rate increase by IUC
IUC approved $12.7M annualized revenue increase for Iowa American Water, excluding $0.9M surcharges.
American Water to acquire Nexus Water Group regulated systems in 8 states for $315M
Purchase price ~$315M cash for regulated water/wastewater assets in eight states from Nexus Water Group.
AWK subsidiary seeks $26.9M annual rate increase from Kentucky PSC
Kentucky American Water filed rate request for ~$26.9M incremental revenue, excluding $9.9M infrastructure surcharges.
the Board appointed Raffiq Nathoo as an independent director, effective immediately
Max materiality 0.90 · Median 0.60 · Most common event regulatory